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Goldtechnicalanalysis

Gold prices dipped and rebounded; watch for 3980.Gold prices traded within a range today, with bullish and bearish forces relatively evenly balanced. In Asian trading, gold opened lower and quickly dipped, hitting a daily low of $3962 before rebounding. As of pre-market trading, gold is currently trading around $4000. Looking at the hourly chart, the Bollinger Bands are narrowing, and gold is trading below the middle band, exhibiting typical range-bound trading characteristics. During the US session, watch for resistance at $4030. A break above this level could present a buying opportunity on a pullback, with a target of the $4050 area. If prices fall again, watch for support around $3980. In short, the market remains range-bound; avoid chasing highs or lows.
TVC:GOLDShort
by AnalystDavid_
1
Beware of Black Friday as gold prices fall againOn Friday, the Asian session reaffirmed the upper resistance level of the channel at 4142-4144, further declining to 4081. Can this trend continue, with the market holding highs and breaking lower, and breaking through the lower double-line on the hourly chart, the next support area to watch is the lower channel at 3990-3980. The 3980 area is what we call the target point, representing a gap of exactly $400 compared to the historical high of 4380. The hourly chart is sweeping the double-line range, with a breakout further opening up the market. The upper channel is slightly further away at 4180, while the lower channel is getting closer. In the 4035 range Support and resistance levels are shifting. If the market breaks below the lower double-line at 4035, the next target is the 4014-4004 low. The next target is the lower channel line, and breaking through it will continue the trend. Holding highs is key, and breaking lows is crucial. Although the market fluctuates greatly, each initial move follows its own pattern. Starting an uptrend, holding lows and breaking highs, holding lows throughout the process, and continuing the bullish climb. Starting a downtrend, holding highs and breaking lows, holding highs throughout the process, and continuing the bearish decline. To summarize, two points: 1. Maintain a cycle Regarding the rhythm of the decline, the area around 4100 should be considered as the dividing line. Looking down, we should look to the 4080 area. A break below this level could lead to further trading volume (don't expect a large rebound to confirm resistance). 2. A wide-ranging sweep, with the high of 4144 as a defensive measure, requires considering the 4133-4135 area, and then looking for leverage to complete a break below the lower low (this rebound will be more powerful, requiring additional attention to the highs). Thus, regarding the future gold price, we should refer to the above-mentioned approach. First, the 4144 high should be used as a defensive measure. Here, we should consider the 4133-4135 area, and then look for leverage to complete a break below the lower low (this rebound will be more powerful, requiring additional attention to the highs). Pressure around 00: A slow decline is needed to break the lows. Time is used to buy space to find the lower band of the channel. First, pressure at 4135 represents a correction. A break above 4080 will be leveraged to move lower, followed by a large-scale decline. Focus on gains and losses at 4080. If it breaks below, the next target is the lower double line at 4035. Breaking through this level will lead to lower points at 4014-4004. Finally, focus on the lower band of the channel at 3990-3980. Note: A break above this high will indicate a change in the nature of the market. Clearly define your defenses, establish your strategy, implement risk control measures, and strictly enforce them.
TVC:GOLDShort
by AnalystDavid_
10, 23 gold is still expected to fall!!!This week, gold hit $4380 for the second time before retreating, forming a double top. The upward rebound was interrupted by a break below 4293. A break below the previous low of 4186 marked the first time a secondary decline has occurred, breaking the previous correction pattern. Previous declines have not resulted in a secondary break below the previous low, let alone a downward extension. Therefore, this time represents a shift in rhythm, a pause in the bull market, and a period of rest and consolidation. The bull market needs rest! Short-term, yesterday's Asian session rebounded, reaching 4161 before retreating around 2:00 PM. Today, we will focus on the overnight rebound high of 4118 and the 2:00 PM timeframe. Specifically, relying on the resistance at 4118, we can short in the European session and continue to watch for a decline. Specifically, keep an eye on the resistance at 4118 and consider shorting when the time is right.
TVC:GOLDShort
by AnalystDavid_
2
10.22 Gold continues to correctAfter forming a double top early Tuesday morning, gold has been experiencing resistance during Tuesday's Asian session, signaling a potential Waterloo. As of Wednesday's Asian session, gold hit a low of 4004 before rebounding above 4100, a bullish consolidation. Gold is currently trading in a range-bound environment. We continue to monitor the 4147-50 resistance level, which also marked the resistance level at midnight Tuesday. Gold prices retreated after hitting this resistance level several times last night. During the day, we will monitor the upward resistance level. If gold fails to break through, we will maintain a volatile trading strategy. We will prioritize shorting within this resistance level. From the 4-hour chart, we are currently focusing on the 4147-4150 resistance level for the upside, while the -4085-4100 support level is expected to remain. If bulls fail to break through, gold will likely continue its range-bound correction. Trading strategies should prioritize trading within this range. In the intermediate range, we should be cautious about buying orders and wait patiently for key entry points. I'll provide detailed trading strategies during the trading session, so please stay tuned. Gold Trading Strategy: 1. Short gold with a light position at 4147-4150, stop loss at 4156, target at 4085-4100. Hold if it breaks through! 2. Go long gold at 4085-4095, stop loss at 4078, target at 4145-50. Hold if it breaks through!
TVC:GOLDShort
by AnalystDavid_
1
10.21 Gold correction continues to riseTechnical Analysis The 4-hour MACD formed a death cross with shrinking volume, converging and flattening, indicating current volatility. The 4-hour candlestick chart also closed at a high level with a small Yin-Yang candlestick. The question now remains whether the candlestick chart will rise directly or retrace to the middle line near 4292. A direct rise would not fall below the morning's low of 4332. The hourly chart began to fluctuate and decline after trading sideways this morning. Currently, attention is focused on support near 4332. The hourly MACD formed a golden cross with shrinking volume, and the STO indicator corrected downward, indicating a potential decline in the hourly chart. Current support on the hourly chart lies around 4332-4327 and 4302. In summary: The daily chart suggests today's decline is not over, and will likely reach at least 4300. The question now remains whether the 4-hour chart will fluctuate at a high level or rise directly. A direct rise would likely lead to a continued rise to around 4420, while consolidation at a high level would likely lead to a decline. Therefore, a short position around 4372-4377 is feasible. As for long orders, they need to be placed near 4267-4275, and the first long order can be placed near 4296-97. Strategy: Short near 4368-70, defend 4382, target 4335-4300-4270 Long near 4296-97 below, defend 4290, target 4330 Long near 4268-72 intraday, defend 4262, target 4300-4330-4370, etc. Breaking above 4382 will directly lead to the 4410-4420-4480 line, so if it breaks above 4382 and then falls back to 4370, go long. Like
TVC:GOLDLong
by AnalystDavid_
1
10.20 Gold breaks out of volatility and accelerates its riseThe 4260 level can be considered a short-term watershed, primarily because last week's upward movement peaked at 4380. The initial decline occurred at this level, and after rebounding below 4380, the price fell again, breaking below this level and reaching below 4200. However, this trend has not been sustained, and the price has risen again after breaking through this level in the US market. Therefore, in terms of future trading strategy, I personally believe that gold prices will continue to rise, and I recommend waiting for a pullback before continuing to invest in bullish long positions. In short, 4260 is considered a watershed between bulls and bears, and also a protective level for our future strategies. The recommended entry point is around 4300, with an eye on resistance at the previous high of 4330!
TVC:GOLDLong
by AnalystDavid_
10.20 Gold short-term resistance looks at 4280Gold prices twice confirmed their all-time high of 4380 before falling, the first time by $100 and the second time by nearly $200. Last Friday, gold prices were insane, plummeting from 4380 to 4279, leaving $100 of room for further gains, before rising another $100 to find 4380. After confirming resistance at 4380 for the second time, the price continued to rise, signaling a downward trend. Pressure was placed on the short side at 4380, 4355, 4350, 4321, and 4364. The price continued to move around the established downward trend, gradually shifting between levels, and finally accelerating to 4186 before ending the decline. The price rebounded in late trading, returning to the 4250 mark to end the week! Judging from Monday's market action, the market has entered a broad range-bound sweep. Specifically, the bullish rally may have temporarily paused, gathering momentum for a subsequent rebound. We must clearly understand the positioning of our defensive lines. When these lines are breached, adjustments and changes must be made: 1. Coordination between the two lines on the hourly and 30-minute charts It has fallen back into the 30-minute chart's two-line range, between 4280 and 4110. It remains above the upper limit of the two lines on the hourly chart, at 4221. Although it broke briefly last Friday, the closing price quickly recovered. Support is also being sought at 4221 in the European session this afternoon. The upper limit of the two lines, 4280-4220, is where the support is being sought. If the price breaks through this range, the nature of the market will begin to change. 2. Top and bottom reversal positions and Within the small channel, pressure is building up in the 4280-4385 area. The lower band is extending and expanding, focusing on the 4180-4200 range. In the Asian session, prices fluctuated around the 4219-4271 range. In the afternoon, we confirmed that the 4268 area was beginning to bearishly bearish. Based on this strategy, we chose to enter a bearish position from above, targeting the 4220 area. Once the price started to move, we would aggressively chase the price, pursuing the bearish trend until it accelerated to the 4221 area. Short-term strategies for the European and US sessions 1. Short-term trading in the 4278-4282 area, with the upper pressure at 4286, a stop-loss at 4298, and a target of 4250. The next target is 4225-4215. 2. After completing the $100 sweep, focus on the 4320 area for short selling. The specific target is a bit further out, so stay tuned for real-time alerts. 3. Currently, the price has returned to around 4260, so we will wait for the plan in the first point.
TVC:GOLDShort
by AnalystDavid_
10.17 Gold Short-Term Operation Technical Guide!!!Recently, as the expectation of the Federal Reserve's interest rate cut has become more and more intense, and there is an expectation of an increase, the loose atmosphere, coupled with the expectation of inflation and the impact of the economic and trade turmoil, gold has once again become the darling of the market. Every day, it witnesses new highs in history, and the trend has become more and more crazy. There is no top in sight, and it is also impossible to say when a dive will come. Today, the Asian session hit a high near 4378 and then fell back quickly to touch around 4278, a range of US$100, and then quickly rebounded to above 4370 again. Subsequently, the European session jumped back and forth. Today, Friday, we need to be wary of the possible profit-taking trend in the market. In terms of operation, the rebound depends on shorting at 4360/70, and pay attention to the gains and losses of 4300. If it falls below 4300, we will see adjustments. Otherwise, we will continue to see bullish fluctuations if it falls back.
TVC:GOLDLong
by AnalystDavid_
10.17 Gold bulls rose sharply and are about to enter the 4400 erLooking at the 4-hour market trend, the short-term support at 4290-4300 is currently under consideration, with a focus on 4270. The bulls are rising strongly and there is no end in sight. Trading strategies should focus on buying on pullbacks. For intermediate positions, be cautious in following orders and patiently wait for key entry points. I will provide detailed trading strategies during the trading session, so please pay attention.
TVC:GOLDLong
by AnalystDavid_
The Golden Triangle is coming to an end, beware of profit takingGold Hourly Chart: The overnight close was relatively high, and today's Asian session continued its upward trend. The European session saw a sharp drop below the upper channel line at 4242. This trend resistance line is the same one that held pressure at 4218 in yesterday's European session. The market then closed with a large, plump, bearish candlestick pattern at 2:00 PM, reaching the target of 4210. Since it was a large bearish candlestick pattern, not a long lower shadow candlestick pattern, a rebound confirming the 5-day moving average at 4230-34 is sufficient, so a further downward push is warranted. The European session saw consecutive positive days, testing the bottom and rallying to a new all-time high. However, caution is advised in the US session. On the one hand, the 4250 level is a resistance point in the channel, and on the other hand, it is nearing the end of an ascending converging triangle, leaving little room for further movement and a potential reversal. Therefore, support remains at the middle line at 4230. Only a significant break below this level would trigger a potential for a significant short-term correction. Resistance is at 4265. Be cautious about blindly chasing rallies below this level. Consider the gains and losses at both levels and wait for signals.
TVC:GOLD
by AnalystDavid_
3
10.16 Gold Short-Term Operation Guide!!!Three key points to watch today: 1. Position. Today's target is the 4200 area (previously, it started at 4000, then 4090, and yesterday was 4140). The 4200 mark is today's early trading low. Using this as a dividing line, we're looking to sweep the $40 range above and below. A breakout will open up further opportunities. 2. Channel. The lower band of the channel overlaps with yesterday's low at 4140, while the upper band currently overlaps at 4220-4225. Today's Asian session saw continued gains, breaking through the small channel range and extending gains by approximately $20 to 4242. However, after the breakout, the price fell back to 4203, retesting the previous high. If the market falls back into the channel, the support and resistance levels will shift again to the 4220-4225 area. If it successfully holds above the support level, look for the 4200 area. If it breaks below, look for the 4180 and 4165 areas, with the 4145-4140 area exceeding the range. Similarly, if it breaks above 4240, and the profit margin is halved according to the principle of equal distance, the next resistance level will be the 4270-4290 area. 3. Although the current result is an upward trend, the process has been characterized by significant ups and downs, with each initial move ranging from approximately $60 to $80. So, regardless of whether you are long or short, regardless of the direction, at this moment, timing is more important than direction. Once confirmed, To determine a trigger, the first consideration is at least $60-80. Within this range, stick to one direction. If it's right, reap the rewards; if it's wrong, exit. Regardless of whether you're long or short, don't dwell on it. The current market trend is extremely chaotic. In this chaotic situation, perseverance is more important than choice. In summary, for gold today, Thursday, focus on the 4200 mark as a spatial boundary. From this boundary, we can see a range of $40 above and below. Two key resistance levels: the upper limit of the 4220-4225 channel and the equally spaced upper limit of the profit margin at 4240-4242. Using these two levels as resistance, we can see downward pressure on the price, looking for the 4200 area. If it falls below 4200, Two key support levels are moving downward: First, 4180, a support point that was repeatedly consolidated in the US market last night. Second, 4165-4160, the bottom of yesterday's sharp drop in the European market. Of course, if the price does fall to the second support level, it will be easy to find the lower limit of the small channel at 4140, which is also yesterday's low. Based on this idea, the European market price met expectations. Under pressure from 4242, a decline to 4203 helped to profit from the short position. The rebound continued, but the price slightly exceeded the range. If the price exceeds the range, then the second confirmed high of 4242-4245 area is still a short position, with a stop loss at 4253 and a target of 4220-4200. If it falls below, look for 4180 and 4165.
TVC:GOLDLong
by AnalystDavid_
10.16 Gold maintains the upward trend in the Asian session!!!From a multi-period analysis perspective, first observe the monthly chart's rhythm. From a long-term perspective, 3130 represents a watershed in the long-term trend. Above this level, consider a long-term bullish approach. From a weekly perspective, the current bull-bear watershed is 3585. Above this level, consider a medium-term bullish approach. From a daily perspective, focus on the 3997 support area for now. Above this level, consider a short-term bullish approach. From a four-hour perspective, which we've consistently emphasized, support currently lies at 4175. Above this level, consider a short-term bullish approach. On an hourly basis, prices are also currently bullish, but short-term divergence is occurring. Therefore, be mindful of short-term bullish risks in the event of further upward movement. Meanwhile, today's early trading session saw another surge in gains, with the early morning low serving as a watershed for the day. Above this level, consider a short-term bullish approach. Focus on the 4235-4266 area as an upward move. Gold's Asian session low of 4199.73 marks the intraday watershed. Above this level, bullish momentum is expected to continue. (Also, a divergence is occurring in the hourly chart, so be aware of the risks associated with a short-term rally.)
TVC:GOLDLong
by AnalystDavid_
Profit Both Ways — Double the Trades, Double the Thrill !After gold hit above 4210, it showed obvious signs of stagflation. First, after gold touched around 4218, it retreated to around 4164; secondly, after gold touched around 4212 during the rebound, it retreated again to around 4179.While the two pullbacks were limited, they also indicate that after gold's strong rally, the market is beginning to diverge and diverge. We can use the ABC rule to determine the position of D. Based on the chart composition, D is around 4160. That is to say, in the short term, gold has the need to retreat to around 4160 again, and this area is also a strong defense line for bulls. If this defense area is broken, gold may continue its downward trend and test the bull-bear dividing line of 4140-4130. So after a clear rejection signal appears, I think we can continue to try to short gold in the 4205-4215 area. The retracement target area is first located in the 4180-4160 area; and once gold retreats to the 4160-4150 area, we can wait for an opportunity to rejoin the gold long trade!
OANDA:XAUUSDShort
by WaveRider_Steffen
10.15 Gold continues to rise, beware of a pullbackGold 4-hour chart level: Asian session directly pulled up strongly. The overnight closing itself was not at a relatively high level, and it was still 40 meters away from the previous high. After a short squeeze and strong pull, it did not stop until the European session reached the upper track of the yellow channel 4218 in the figure, and then there was a sharp drop, with the lowest point at 4165. The high point of this wave of suppression was predicted in place (4215 was prompted in advance to pay attention to the resistance pressure), but the low of 4165 was only touched for a few seconds, so only 4180-4190 can be chosen; Judging from the current trend, the US session tends to see a strong consolidation at a high level. The resistance is still the derivative of the upper track of the yellow channel, which will move up to 4220-25. The support is the middle track 4170, which is also the retracement point of the previous red channel line; after approaching both sides, we will look for pressure or support signals to try to make a shock;
TVC:GOLD
by AnalystDavid_
1
10.15 Gold breaks high again, looking for retracement to continuAfter a significant bearish candlestick pattern, the gold price's hourly chart immediately took off with a bullish candlestick pattern in the Asian session, signaling a rebound from a bottoming out. The large bullish candlestick pattern at the bottom solidified the base, and the moving average took off again, also trending almost vertically upward. The candlestick pattern remained above the moving average throughout, demonstrating the unstoppable bullish momentum. The upper limit remains at 4200. Intraday short-term trading strategy: BUY: 4150 Stop-loss: 4142 Top 1: 4185 Top 2: 4200
TVC:GOLDLong
by AnalystDavid_
1
10.14Gold bulls continue to exert their strength!!!Gold is currently stabilizing after a broad range-bound consolidation on the 4-hour chart. It experienced an unexpected intraday plunge, but the momentum has been minimal. A rapid intraday rise followed by a sustained decline could present an opportunity for a short position. The price has rebounded after retracing to previous support levels, and the K-line charts are still trading above the short-term moving average, suggesting a relatively strong trend in the short term. There are currently no significant technical patterns on the hourly chart. On the smaller timeframes, pressure is building on the short-term moving average, maintaining a weak trend. There may be some room for correction in the short term. Focus on the support level around 4005 in the short term.
TVC:GOLDLong
by AnalystDavid_
1
10.14 Tariffs and interest rate cut expectations resonate!Judging from the current 4-hour chart: 4100 is essentially the current hurdle for gold. It's also the most important support level today. Gold opened today in the 4100-4110 range. Although it recently retreated to around 4090, the real-world price still closed above 4110. If we analyze the trend from last week's low of 3950 to the current 4180 level, we can see that the 618 support level is precisely around 4090. 4090 also happens to be the low point of the recent retracement. According to wave theory, if the retracement does not exceed 618, new highs are inevitable. If it breaks through 4180 again, the next target may be around 4230.
TVC:GOLDLong
by AnalystDavid_
Gold breaks out to new all-time high!!!After breaking through the previous resistance band on the 4-hour chart, gold's candlestick chart continues to maintain a strong upward trend along the short-term moving average. There are still no signs of a peak in the short term, so focus on the support band around 4080. Currently, a purely technical correction in gold is unlikely to lead to a significant decline. The most likely scenario is a sudden sell-off or a rapid surge and then a decline to release bullish pressure, which may lead to some decent short-selling opportunities. On the hourly chart, the candlestick chart maintains a slight upward trend along the short-term moving average. Intraday pullbacks do not provide much room for improvement. Watch for short-term corrections in the closing market. Consider long positions around 3080-1.
TVC:GOLDLong
by AnalystDavid_
Monday's US gold market focus on short-term adjustmentsOn Friday, we emphasized the importance of the daily close. Gold's late-day rally on Friday disrupted the previous downward trend following the engulfing high. Instead, it continues to fluctuate along its short-term moving average, maintaining a relatively strong trend on the daily chart. On the 4-hour chart, gold has broken through the previous resistance band, and the K-line continues to maintain a relatively stable upward trend along the short-term moving average. In the short term, watch for a second upward pull after a pullback. On the hourly chart, after a series of small upward movements, the price is currently fluctuating in a narrow range at a high level. The current divergence in the short-term chart suggests that there may be room for adjustment in the short term. Keep an eye on this short-term correction.
TVC:GOLDLong
by AnalystDavid_
3
Gold will continue to rise at the end of the week!!!Gold is currently consolidating at a high level on the daily chart, nearly forming an engulfing pattern at a high level, making today's daily close crucial. On the 4-hour chart, prices are currently fluctuating at a low level, finding support around 3950. On the hourly chart, after continuous fluctuations, the technical pattern is gradually adjusting. The short-term moving average is gradually diverging upward, and the K-line chart is slowly crossing the short-term moving average. The short-term trend is gradually strengthening, suggesting further upside potential. Keep an eye on the resistance zone around 4010. Trade Recommendation: Buy around 3975-6, with a stop-loss at 3966.
TVC:GOLDLong
by AnalystDavid_
2